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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessSTIR: Little Change In Fed Pricing On Labour Market Data, 41bp '24 Cuts Priced
Very modest dovish moves in FOMC-dated OIS in the wake of the weekly jobless claims and ADP labour market data, with the readings pointing to a slightly softer labour market vs. expectations.
- Dec ’24 FOMC-dated OIS moves to ~41bp of cuts vs. ~40bp pre-data.
- Slight moderations in ADP wage growth metrics also factor in.
- Still, more focus will be afforded to Friday’s NFP report.
- Our macro team flags a similar trend to last month, when pre-NFP indicators were soft, before a much firmer-than-expected payrolls figure became apparent.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.